The winning bank posted strong financial results in Cambodia. The bank generated the highest revenue in 2022 among Cambodian banks and has the largest share in total retail deposits nationwide.
The bank also posted the highest return on equity and the lowest cost-to-income ratio. The bank’s loan-to-deposit ratio currently is at a healthy level of 80% to 85%, as the bank cautiously navigates through a liquidity-straining environment.
The bank is also launching a new mobile app to leverage its large ecosystem to attract younger customers; the average waiting time for offline services has been reduced to less than eight minutes across the country.
For its financial performance, efforts to upgrade both online and offline services, and well-managed loan-to-deposit structure, the Best Retail Bank in Cambodia is Canadia Bank.